Citi says British PM May likely to resign

LONDON, June 9 (Reuters) - Citi said British Prime Minister Theresa May was likely to resign after she failed to win a majority in the election.

“A period of political uncertainty lies ahead,” Citi said in a research note.

“Following what is widely regarded as a poor campaign and failure to translate a strong lead in the polls into a larger majority in the Commons, we expect May is likely to resign,” Citi said, adding that a new election was possible. (Reporting by Guy Faulconbridge; editing by Andy Bruce)